Custom Accumulation / Distribution indicator enhanced with a cloud formed by moving averages for longer term bias.
Beware the way Acc/Dist indicator should be used is to map the levels and swing points to identify supply levels and not focus too much on the clouds.
Volume Ticks is a zero-lag market sentiment indicator. It works by providing a cumulative count of increasing volume columns.
A one count is added for each increasing volume column where close>open, and one is subtracted on an increasing volume column if close<open. That’s it. The count does not change when volume hasn’t increased compared to the previous bar’s...
Tradingview is basically composed by reskins of many great contributors such as Chrismood, Lazybear, RicardoSandos and a few others. Without those guys I would not be able to learn how to code PINE - since the "documentation" is horrible and support is basically also non-existent. So thank you!
So here is another contribution to the community, which I chose to...
This script is a simple extension of the script "Distribution Day" from user "kalle2017". Thanks to him!
As the name suggests, the idea is to recognize "distribution days", when the "firm hands sell to the shaky hands" (Kostolany). So, too many distribution days in a certain timeframe can be a sign for a coming correction / bear market.
A distribution day gets...
📊With the advanced charts suite you get multiple indicators you can overlay on your charts, while only using one indicator slot.
🎁We made this after requests from our members, to assist those who use a free TV account. Its not advised to use them all at once, use them in combinations and see what works for you!
🕥 It can take a minute or more to load... be...
This is a EMA Delta Oscillator: An attempt to show ranging markets based on the slope of the EMA.
Green = Bullish Market
Blue = Ranging Market
Red = Bearish Market
The EMA Slope is normalized to make it work like an oscillator with values between 0 and 1.
Bar colors show the oscillator colors, bar borders show the actual candle colors.
- Invsto
(sarangab)
This is the simplified and optimized version of my original ADV indicator. It shows both regular volume bars and the accumulated/distributed (A/D) portion of them. The equation is elegant and intuitive. It calculates candle body to candle height ratio and multiplies it by volume: volume*(close-open)/(high-low). This is the building block of my three other...
This indicator shows Accumulation/Distribution level which can be used for confirming trends or reversals (via divergence). It is an alternative to Chaikin's Accumulation/Distribution Line (ADL) and On Balance Volume (OBV) indicators. It can also replicate PVT and OBV via options in the input menu.
Here is a comparison of four related indicators:
OBV is too...
This is a simple yet powerful indicator that can replace volume, Money Flow, Chaikin Money Flow, Price Volume Trend (PVT), Accumulation/Distribution Line (ADL), On Balance Volume (OBV).
When "Baseline Chart" option is disabled, it looks similar to regular volume. The volume bars has two shades of green and red. The dark shade shows amount of accumulation and the...
This indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can be found in this video . The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types.
Unlike...
This indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can also be found in this video . The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types. For...
OBV takes difference between old close and new close and multiplies by volume without considering high and low.
This assigns the entire volume into a single direction even tho movement could've been in both.
Accum/dist takes difference between close and high and low without considering previous close or open. This causes huge deviation from OBV when you have...
![BTCUSD: Volume Ticks - Increasing Volume Bar Count [LucF]](https://s3.tradingview.com/1/1ul3GgrZ_mid.png "Volume Ticks - Increasing Volume Bar Count [LucF]")
![BTCUSD: XBT Volatility Weighted Bottom Finder. [For Daily Charts]](https://s3.tradingview.com/h/HdSFR0RT_mid.png "XBT Volatility Weighted Bottom Finder. [For Daily Charts]")
![BTCUSD: Accumulation/Distribution Volume (ADV) [cI8DH]](https://s3.tradingview.com/x/XvC9iM7p_mid.png "Accumulation/Distribution Volume (ADV) [cI8DH]")
![BTCUSD: Accumulation/Distribution Level (ADL) [Cyrus c|:D]](https://s3.tradingview.com/w/Wj4NvOBH_mid.png "Accumulation/Distribution Level (ADL) [Cyrus c|:D]")
